BCC acting-director Adam Marshall has advocated the government starting investment in major infrastructure developments. He has said, “[The government] should start with the long list of business-boosting infrastructure projects that have been put on hold for far too long – including a firm decision on a new airport runway, new nuclear investment, and road and rail schemes.”

Accounting firm BDO also called for more investment in infrastructure in an independent review, however Finance Minister Philip Hammond doesn’t believe the economic benefit of infrastructure work would come quickly enough.

“I think there is a role for big, strategic projects, but they are unlikely to be ever able to contribute to fiscal stimulus because of the timelines involved”, Hammond said. “Often it is modest, rapidly deliverable investments that can have the most immediate impact, particularly on the road network, but also in some places on the rail network.”

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